@sting79: At current price, it is only 0.019 (0.285/15) prior to consolidation. Still a very huge drop for those who bought months prior to the consolidation.
BLee: Hi Bro @sting79, you are correct if you did nothing after the consolidation. Let's say before consolidation of 0.03 x 15 equal 0.45 and pick-up RI of 2 x 0.2, total cost will be 0.85. Average will be 0.28; that will be the present reached price. The moral of this discussion is the need to act upon news of consolidation and RI. If whoever have $ to pick-up RI and the access shares, good for cost averaging. If whoever doesn't want to add capital can always cash out after RI news or sell AGES-OR during the five days offer period and reinvest the $. It is just a decision needed to make. There is a lot of chance to buy below the RI price of 0.2?? Happy trading and TradeAtYourOwnRisk
Hi BLee: To have an average cost of 0.28 today, it means your cost prior to consolidation is around 0.03. This is assuming RM100,000 has been invested before consolidation and later subscribed the RI fully.
My cost is 0.145 before consolidation, and averaged down @0.200 (post consolidation) to arrive at cost around 0.5 today. I did not subscribe to RI but bought from open market at a volume higher than the rights subscription.
@sting79: Hi BLee: To have an average cost of 0.28 today, it means your cost prior to consolidation is around 0.03…
BLee: Hi @sting79, my average cost is very much lower than yours. I have cost averaging before consolidation but higher than 0.03 for mother shares. I also bought AGES-PA at the lowest of half sen as posted in one of my articles. After consolidation, I have done cost averaging again by buying AGES-PA. It is very difficult to calculate what the average holding cost due to 2 different investments; only can monitor by investment $. Instead of investing RI of 0.2, the $ from selling AGES-OR at half sen is enough to cover the earlier half sen AGES-PA investment and buy more. This lower cost investment is another way to bring down my average cost. Does it make sense?
Note: 5D-VWAP of the Shares up to and including 15 April 2022 (being the last trading day prior to the Price-fixing Date) of RM0.3581 which is lower than 0.03x15. If it reaches RM0.3581, most probably will be my break even cost. Happy trading and TradeAtYourOwnRisk.
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SengGor1011
219 posts
Posted by SengGor1011 > 2022-07-08 12:01 | Report Abuse
continue going strong ageson!